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Northwest Bancshares inc   (NWBI)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $11.4400 $-0.07 -0.608%
Day's High: $11.57 Week Perf: -2.14 %
Day's Low: $ 11.32 30 Day Perf: -11.25 %
Volume (M): 536 52 Wk High: $ 13.96
Volume (M$): $ 6,128 52 Wk Avg: $11.46
Open: $11.45 52 Wk Low: $9.80



 Market Capitalization (Millions $) 1,457
 Shares Outstanding (Millions) 127
 Employees 2,007
 Revenues (TTM) (Millions $) 527
 Net Income (TTM) (Millions $) 135
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 9

Northwest Bancshares Inc

Northwest Bancshares, Inc., a Maryland corporation, was incorporated in September 2009 to be the successor corporation to Northwest Bancorp, Inc., the former stock holding company for Northwest Bank, upon completion of the mutual-to-stock conversion of Northwest Bancorp, MHC.

Northwest Bank is a Pennsylvania-chartered stock savings bank headquartered in Warren, Pennsylvania, which is located in northwestern Pennsylvania. Northwest Bank is a community-oriented financial institution offering personal and business banking solutions, investment management and trust services and insurance products. Through a wholly-owned subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans. Northwest Bank’s mutual savings bank predecessor was founded in 1896.

Our principal lending activities are the origination of fixed-rate and, to a lesser extent, adjustable-rate mortgage loans collateralized by one-to-four-family residential real estate, shorter term consumer loans and the origination of loans collateralized by multi-family residential and commercial real estate and commercial business loans. Generally, we focus our lending activities in the geographic areas where we maintain offices.

In an effort to manage interest rate risk, we have sought to make our interest-earning assets more interest rate sensitive by originating adjustable-rate loans, such as adjustable-rate residential mortgage loans and home equity lines of credit, and by originating short-term and medium-term fixed-rate consumer loans. In recent years we have emphasized the origination of commercial real estate loans and commercial business loans, which generally have adjustable rates of interest and shorter maturities than one-to-four-family residential real estate loans. We also purchase mortgage-backed securities and other types of investment securities that generally have short average lives and/or adjustable interest rates. Because we originate a substantial amount of long-term fixed-rate mortgage loans collateralized by one-to-four-family residential real estate, when possible, we originate and underwrite loans according to standards that allow us to sell them into the secondary mortgage market for purposes of managing interest-rate risk and liquidity. The sale of mortgage loans supports our strategy to grow the consumer and commercial loan portfolios by more than our portfolio of long-term fixed rate residential mortgage loans. We currently sell low-yielding fixed rate residential mortgage loans with maturities of more than 15 years, and on a more limited basis, those with maturities of 15 years or less, while retaining all adjustable rate residential mortgage loans. Although we sell a portion of the residential mortgage loans that we originate, we continue to be a portfolio lender, and at any one time hold few loans identified as held-for-sale. We currently retain servicing on the mortgage loans we sell which generates monthly service fee income. We generally retain in our portfolio all consumer loans that we originate while we periodically sell participations in the multi-family residential, commercial real estate or commercial business loans that we originate in an effort to reduce the concentration of certain individual credits and the risk associated with certain businesses, industries or geographies.

Upon receiving a retail loan application, we obtain a credit report and employment verification to verify specific information relating to the applicant’s employment, income, and credit standing. In the case of a real estate loan, either an in-house appraiser, or an approved external appraiser, appraises the real estate intended to secure the proposed loan. A loan processor checks the loan document file for accuracy and completeness, and verifies the information provided.

For our personal loans, including residential mortgage loans, home equity loans and lines of credit, automobile loans, credit cards and other unsecured loans, we have implemented a credit approval process based on a laddered individual loan authority system. Real estate secured loans are underwritten by our licensed mortgage loan originators. Non-real estate loans are underwritten by local loan officers who are granted various levels of authority based on their lending experience and expertise. These authority levels are reviewed by the Credit Committee on at least an annual basis. As part of the approval process, we assign independent credit officers to review the creditworthiness of all loans exceeding $500,000. If the credit officer has concerns regarding a loan that has been approved at a specific level, they have the authority to request that the loan be reviewed and approved at the next higher level.

Our commercial loan policy assigns lending limits for our various commercial loan officers and stacked authorities for commercial loan officers with the approval of senior management. These individual and stacked authorities are established by the Credit Committee. The Senior Loan Committee may approve extensions of credit in excess of the stacked loan authorities. The Credit Committee meets quarterly to review the assigned lending limits and to monitor our lending policies, loan activity, economic conditions and concentrations of credit.

Our general policy is to make no loans either individually or in the aggregate to one customer in excess of $20.0 million. Under certain circumstances; for instance well qualified customers or customers with multiple individually qualified projects, this limit may be exceeded subject to the approval of the Senior Loan Committee. The Chief Credit Officer reviews any loans exceeding $20.0 million or unusual loan requests with the Board of Directors. In addition, the Chief Credit Officer has the authority to require that the Board of Directors review any loan that has been approved by the Senior Loan Committee with which the Chief Credit Officer has specific concerns. Also, all loans originated during a calendar quarter of $5.0 million or more are reported to the Risk Management Committee of the Board of Directors at the end of each quarter. Fire and casualty insurance is required at the time the loan is made and throughout the term of the loan, and flood insurance is required as determined by regulation.



   Company Address: 3 Easton Oval, Columbus, 43219 OH
   Company Phone Number: 726-2140   Stock Exchange / Ticker: NASDAQ NWBI
   


Customers Net Income grew by NWBI's Customers Net Profit Margin grew to

61.85 %

14.65 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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HBAN        0.16% 
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ALLY   -1.77%    
DHI        1.67% 
• View Complete Report
   



Northwest Bancshares Inc

Northwest Bancshares Inc Faces Challenges with Soft Top-line in Q4 2023 Earnings Season



Northwest Bancshares Inc, a leading player in the Commercial Banks sector, recently reported its financial results for the October to December 2023 period. The figures reveal a decline in income and revenue compared to the previous year. This article will analyze the implications of these results and discuss the potential impact on the company moving forward.
Revenue and Income Decline:
During the last quarter of 2023, Northwest Bancshares Inc experienced a decline in both revenue and income. Revenue decreased by -6.148% to $127.53 million, while income fell by -21.06% to $0.22 per share. This represents a broader trend, contrasting with the on-average revenue growth observed in the Commercial Banks sector during the same period.

Northwest Bancshares Inc

Northwest Bancshares Inc Surges with Impressive Stock Performance and Experiences Significant Revenue Growth in Q3 2023



Northwest Bancshares Inc has experienced positive growth in its shares, demonstrating a solid performance in the recent past. Over the last 5 trading days, the company's shares recorded a significant gain of 5.15%. Additionally, over the past 30 days, Northwest Bancshares Inc saw an increase of 5.76% in its shares. Furthermore, the company's shares currently trade 12.4% above its 52-week low. These impressive stock performances raise the question of how the company's financial results and revenue improvement from July to September 2023 will shape its future prospects.
1. Revenue Improvement:
Northwest Bancshares Inc witnessed a remarkable revenue improvement in the third quarter of 2023. Comparing the comparable quarter from the prior year, the company achieved a 4.847% increase in revenues, reaching $138.25 million from $131.86 million. This substantial growth indicates that the company's business operations have gained momentum and suggest positive prospects for future revenue growth.

Northwest Bancshares Inc

Northwest Bancshares Triumphs with Stable Earnings Amid Moderate Revenue Growth ?? ????????? ???? ???, 2023

/>Northwest Bancshares Inc., a prominent player in the Commercial Banks sector, recently reported its financial results for the most recent fiscal period. While the company achieved moderate revenue growth, its earnings per share remained unchanged at $0.26. In comparison to the previous reporting period, Northwest Bancshares Inc. experienced a slight decrease in revenue. However, the company continues to showcase strong financial performance, with a net profit of $33.044 million.
Revenue Growth and Earnings Stability:
Northwest Bancshares Inc. witnessed a 1.04% increase in revenue, amounting to $129.42 million in the most recent fiscal period, compared to the same reporting period a year prior. This growth falls behind the 16.18% surge reported by the rest of the Commercial Banks sector. It is worth noting that in the preceding reporting period, Northwest Bancshares Inc. experienced a revenue decrease of -1.538% from $131.44 million. Despite the challenges, the company managed to maintain its earnings per share at $0.26.

Northwest Bancshares Inc

Northwest Bancshares Inc Continues to Thrive with Exceptional Performance in Q1 2023

Northwest Bancshares Inc Delivers Double Digit Growth in Revenue and Bottom-line for Q1 2023
Northwest Bancshares Inc, a leading financial services company, has announced impressive financial results for the first quarter of 2023, with both top-line and bottom-line growth in double digits. The company's revenue in the January to March 31 quarter surged by 11.535%, reaching $131.44 million and net profits grew by 18.18% sequentially.
Although net profit per share experienced a decrease of -7.38%, Northwest Bancshares Inc is demonstrating strong growth, as net earnings for the fiscal first quarter of 2023 increased by 19.06% YoY. Furthermore, the firm is pleased to report that its profit margins have improved. Its net margin rose to 25.62% in the first quarter of 2023, while its operating margin crept up to 33.47%.
The company is demonstrating resilience in the face of challenging market conditions. It is continuously exploring new avenues to grow revenue and profits. The success of its first quarter results can mainly be linked to advancements made in technological innovations, substantial investments in customer service, and efficient management of risk.
Northwest Bancshares Inc revealed operating earnings rose by 22.53% to $43.987 million, with earnings per share set to hit the target outlined in its business plan. The company also stays optimistic about its future and has already started working on its next financial earnings report, expected to be announced on August 04, 2023.
Taking a bold step in prioritizing customer satisfaction, Northwest Bancshares Inc is poised to innovate constantly, optimize productivity, and introduce new products and services that meet customer demands. The company's management is all geared up to maintain its credit profiles and financial strength, mobilizing the resources to maintain discipline in risk management, and ensure excellent shareholder valueOverall, Northwest Bancshares Inc's Q1 2023 performance indicates that its impressive fundamentals remain intact, justifying investor confidence in its long-term growth prospects.






 

Northwest Bancshares Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Northwest Bancshares Inc does not provide revenue guidance.

Earnings Outlook
Northwest Bancshares inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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